Iowa State Savings Bank (Creston, IA)

Episode Information

Episode UID
8568268091597
Episode Type
Suspension → Reopening
Bank Type
savings
Bank ID
856826809 hash
Start Date
January 31, 1933
Location
Creston, Iowa (41.059, -94.361)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bf4be36494ab55f6

Response Measures

None

Description

Bank placed under state banking department supervision and a municipal banking holiday declared; later outcome not provided.

Events (1)
1. January 31, 1933 Suspension
Cause
Government Action
Cause Details
Bank to be operated under supervision of the state banking department, followed by mayoral two-week banking holiday
Newspaper Excerpt
declared a two weeks' banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state banking department
Source
newspapers

Newspaper Articles (3)
1. January 31, 1933 Globe-Gazette Mason City, IA

Article Text

Creston Mayor Calls 2 Weeks Bank Holiday Ray Emerson today declared a two weeks' banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state bank. ing department. To comply with Mayor Emerson's holiday proclamation not the First National bank did open this Emerson clared to said the morning holiday was Mayor deavoid possible run on the National bank and would be for "two weeks or longer.' that it

2. February 1, 1933 Iowa City Press-Citizen Iowa City, IA

Article Text

Mayor of Creston Declares 2 Weeks Banking Holiday CRESTON S Ray Emerson Tuesday declared a two week's banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state banking department To comply with Mayor Emer son's holiday proclamation. the First National bank did not open Mayor Emerson said the holiday was declared to avoid R possible run on the national bank and that

3. February 1, 1933 The Omaha Morning Bee-News Omaha, NE

Article Text

CRESTON CALLS CRESTON. Ia., Jan. 31, Mayor Ray Emerson Tuesday declared two-week banking hollday here after officers of the Iowa State Savings bank announced the bank would be operated hereafter under supervision of the state banking department. To comply with Mayor Emerholiday proclamation. the First National bank did not open Tuesday morning. Mayor Emerson said the holiday was declared avoid possible run on the National and that it would be for weeks or longer The Farmers and Merchants' Savings bank. the only other bank here, went under supervision of the state banking department several days ago.